OceanaGold (OTCMKTS:OCANF) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of OceanaGold Co. (OTCMKTS:OCANF) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.89 and traded as low as $2.78. OceanaGold shares last traded at $2.80, with a volume of 76,330 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OCANF. TD Securities began coverage on OceanaGold in a research note on Tuesday, February 4th. They issued a “buy” rating for the company. Raymond James reiterated an “outperform” rating on shares of OceanaGold in a research note on Tuesday, February 4th.

OceanaGold Trading Up 1.8 %

The stock has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $2.87.

OceanaGold Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 5th.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.